NSE knocks SEBI door again for all-important NOC for proposed IPO

The National Stock Exchange (NSE) has once again written to the Securities and Exchange Board of India (SEBI), seeking a No objection Certificate (NOC) from the capital market regulator that would allow it to take further steps towards listing of its shares, according to sources familiar with the matter. The NOC is an important document required for proceeding with NSE’s IPO, which has been stuck for over eight years. NSE filed the draft red herring prospectus (DRHP) for its IPO way back in December 2016.​